Asia Pacific real estate investment news and information
Dalian Wanda, the property group controlled by Chinese billionaire Wang Jianlin has acquired the historic Edificio Espana building in Madrid for €260 million (US$358.6 million) according to a leading Spanish politician.
The acquisition of the skyscraper, which was Europe’s tallest… Read More>>
US film studio DreamWorks Animation, together with two partners, last week celebrated plans for a RMB 15 billion ($2.4 billion) entertainment district in Shanghai that the group says will rival New York’s Broadway.
DreamWorks is teaming with an investment fund… Read More>>
Speaking on the sidelines of an industry conference in Beijing this weekend leaders of real estate developers Vantone, Greenland Group and China Resources Holdings took the first step toward a recovery by admitting that the industry has a problem.
Feng… Read More>>
While Asia’s richest man, Li Ka-shing has been selling out his China real estate assets, Hong Kong’s fifth wealthiest billionaire has decided to double-down on his China bets by taking New World China Land Limited (HKG:0917) private.
The HK$18.6… Read More>>
The new record for most valuable commercial property in Asia belongs to 12 square metre (130 square foot) shop in Hong Kong’s trendy Causeway Bay shopping district.
The non-descript electronics shop at 77-83 Matheson Street near the popular Times Square… Read More>>
Paris-based architect Paul Andreu’s Jinan Grand Theater was completed recently as part of a provincial cultural and arts center in the northern Chinese city.
Andreu, who also designed the Pudong International Airport, as well as the National Grand Theater in… Read More>>
A broad range of China’s publicly traded real estate stocks were punished on stock exchanges in Shanghai, Shenzhen and Hong Kong today as investors reacted to the country’s first corporate bond default on Friday.
The Hang Seng Properties Index of… Read More>>
Hong Kong-listed real estate developer Country Garden Holdings has reportedly appointed a veteran advisor on hotel development to serve as the company’s chief representative in the US. The move is significant as it seems to portend expansion by Guangdong-based Country… Read More>>
China’s real estate industry stocks have slid this week following the nation’s first corporate bond default last Friday. Credit ratings agencies have also raised concerns over the financial health of some of the nation’s property developers.
But just how big… Read More>>
Slower sales and rising land prices will put stress on some of China’s real estate developers this year according to recent reports by credit agencies Standard & Poor’s and Moody’s.
The warnings from the ratings agencies happened in the same week that China saw its first default of a corporate bond as the country’s leaders attempt to wean businesses from their addiction to cheap credit.
